Helsing, a European artificial intelligence (AI) defence company, mentioned on September 14, 2023, that it secured 209 million euros ($223 million) in Series B funding. It is believed that the platform will collaborate with General Catalyst, a venture capital firm. Swedish aerospace and automotive manufacturer Saab is also expected to participate as a strategic investor, stated Cointelegraph.
Sources revealed that the company emphasised that it would take initiatives to advance AI technology for the safeguarding of democratic nations.
“We founded Helsing because we believe that AI will be essential so that democracies can continue to defend their values, Our recent traction shows that this belief is shared by governments and industry,” Gundbert Scherf, co-founder, Helsing, explained.
It is believed that a growing number of firms aim to offer governments and armed forces more efficient and cost-effective AI-driven military technologies. Supposedly, some of these companies venturing into AI’s role in warfare are Kratos Defense and Shield AI, based in San Diego, among others, Cointelegraph concluded.
(With insights from Cointelegraph)
